The UK games industry is to get a £2 million government funding boost, spearheaded by Ed Vaizey, Secretary of State for Business Innovation and Skills. The news follows the coalition government's move to scrap a proposed 20% tax break for…
According to WSJ that makes Twitter worth a nice round $1 billion. Not bad for a company that hasn't yet made any money or indeed said how it intends to make money. For reference sake Facebook, which has around 300 million users, is apparently worth around $15 billion
Second-tier social network Bebo and innovative fan-funding mechanic Slicethepie have got together to offer an attractive proposition for both Bebo users and bands using the Slicethepie service.
Slicethepie works by crowd-sourcing the A&R process, something that I strongly advocated in my series of posts on innovating digital music. People can invest in bands, and once a band has enough to make an album, any investors get a share of the revenues from selling that album, as well as a credit .
The partnership means that Bebo users will be able to review and rate content on the service, and will be paid a small fee for doing so. Bands that get financed via the Bebo showcase will gain a promotional package that Bebo claims is worth £50k, that’ll include an album launch party, promotion on the Bebo homepage, and exposure to major label A&Rs.
The first “Scout Room” on Bebo will go live this month, so if you’re in a band, it’s definitely worth a look. Just make sure you’ve got a strong presence on Bebo too. What does Bebo get out of it? More bands on a service that’s struggling to compete with Myspace, let alone Facebook’s dominance of the sector.
Pictured left is one of the luckiest ladies alive. The National Science Foundation in the USA has decided to grant her, Prof. Bonnie Nardi, $100,000 of American taxpayer’s money to study World of Warcraft. Or, to be specific, why Americans make more modifications to the game than Chinese players do. Gosh, that’s a lot of money.
You know Bittorrent? The evil scourge of the media world? Well, it’s being pursued by the EU as a possible standard for distributing TV online throughout Europe. Bittorrent’s going LEGIT.
The hope is to establish a Europe-wide standard for online delivery of telly, based around the Bittorrent format, which will provide access to stored archive material and streamed live events – and the P2P nature of it all will help stop the servers crashing on Eurovision night or when Manchester United plays Barcelona…
Perhaps scared of the recent backlash they’ve been receiving from the internet-using public, Google have announced they’ll be investing $10 million into green start-ups with a new scheme dubbed RechargeIT….